Grain and soy futures prices firmed in rather active overnight trade, and a similar pattern followed in the day session. Shrinking spring wheat production and low protein HRW are sending users on a hunt for supplies and elevating protein premiums. General Comments Grain and soy futures prices firmed in rather active overnight trade. The market was surprised that the weekly corn and soybean crop condition ratings did not improve given last week’s rains. Good/excellent corn stayed at 67 percent, while good/excellent soybeans dropped a point to 66 percent. That 1 percent decline was due in part to the 9 percent drop in South Dakota’s soybean ratings. The lack of improvement plus indications from weather models that the intense ridge of high...

TAGS – Feed Grains, Soy & Oilseeds, Wheat, Equities, North America